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Commodities Market

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Speciality Restaurants opens Bakery and Confectionery unit in Kolkata
16 Jul 16:13

Speciality Restaurants has opened ‘Dariole’ a Bakery and Confectionery unit located at Salt Lake in the state of Kolkata. Recently, the company has opened Bakery and Confectionery unit at Southern Avenue in Kolkata.Speciality Restaurants focuses on providing the guests an affordable fine dining experience with quality food and service in a modern ambience. The company’s restaurants consist of different restaurant concepts and are located across India, particularly in the western region.

HUL reports 19% rise in Q1 consolidated net profit
16 Jul 16:11

Hindustan Unilever (HUL) has reported results for first quarter ended June 30, 2018. The company has reported a rise of 19.17% in its net profit at Rs 1,529 crore for the quarter under review as compared to Rs 1,283 crore for the same quarter in the previous year. Total income of the company increased by 3.07% at Rs 9,622 crore for Q1FY19 as compared Rs 9,335 crore for the corresponding quarter previous year.HUL is India’s largest Fast Moving Consumer Goods Company with a heritage of over 80 years in India and touches the lives of nine out of ten Indian households.

Tata Power’s arm wins ‘Solar PV EPC company of the Year - Utility Scale’ award
16 Jul 16:04

Tata Power Solar, India’s largest integrated solar company & a group company of Tata Power, has bagged the coveted India Solar Week 2018 for Outstanding Contribution to Industry Development in the category of Solar PV EPC company.It is a recognition for solar power companies in India and has the highest repute amongst stakeholders and players in the industry. Tata Power Solar was adjudged winner on the basis of rigorous assessment by a jury on various parameters of management like Leadership, Strategy, Customer, People, Technology, Operations, Processes and Business results.Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

Asian Granito’s JV commences production of various thickness of Quartz Stone
16 Jul 15:59

Asian Granito India’s Joint venture (JV) company -- Camrola Quartz -- has started with commercial production of various thickness of Quartz Stone especially in 30MM and 20MM (thickness) from July 14, 2018. The production capacity of the plant will be 1600 square meter per day which will further increase to 3000 square meter per day over period of next 15-18 months. Camrola Quartz is a 51:49 JV between the company and Paramshree Granite. The company will have wide ranges of the products from single color to multi-color quartz stone targeting preference of global markets. Currently, the company is launching product range of around 40-50 different colors. Camrola will be exporting nearly 75%-80% of the total capacity to USA, Asia Pacific, Australia and other countries where demand for the quartz is showing strong growth.Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.

TCS aiming to generate $200 million in revenue from Blockchain: Report
16 Jul 15:58

Tata Consultancy Services (TCS) is reportedly aiming to generate at least $200 million in annual revenue from its Blockchain practice. Blockchain technology is a new approach to how databases can be shared by multiple individuals or entities. The banking sector with respect to payments, trade processing and settlements in capital markets are seeing very advanced stage of adoption of Blockchain.TCS is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.